NOT LISTED FOR SALE

2966 Cherry Rd Memphis, TN 38118

Parkway Village Neighborhood

Estimated Value: $122,000 - $144,000

3 Beds
1 Bath
1,000-1,199 Sq Ft
$107/Sq Ft Est. Value

Sale Details

Date Sold: July 24, 2019

Last sale price $84,250 $70 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $769 / mo

Highlights

  • Updated Kitchen
  • Den
  • Tile Flooring
  • Traditional Architecture
  • Some Wood Windows
  • Central Heating and Cooling System

About This Home

As of July 2019

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2019 standards! Target rent = $850 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!

Last Agent to Sell the Property

Jim Reedy

Reedy & Company, REALTORS License #15602 Listed on: 06/07/2019

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 1959

Lot Details

  • 7,841 Sq Ft Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,136 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Den
  • Iron Doors
  • Updated Kitchen

Flooring

  • Partially Carpeted
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Winchester Heights Blk C Subdivision

Listing and Financial Details

  • Assessor Parcel Number 073059 00033

Home Details

Home Type

Single Family

Year Built

Built in 1959

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: WINCHESTER HEIGHTS BLK C
  • List Price Per Sq Ft: 75
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1136
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 1/2 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors, Part Carpet, Tile
  • Full Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 128
  • Acreage: 0.18
  • Lot Size: 8160

Tax Info

  • Assessor Parcel Number: 073059 00033

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2020
Sold by
Macdonald Ryan Halston and Macdonald Ryan H
Bought by
Current Estimated Value
$127,764

Purchase Details

Listed on
Jun 7, 2019
Closed on
Jul 23, 2019
Sold by
Memphis Investment Properties Ii Llc
Bought by
Macdonald Ryan Halston and Macdonald Ryan H
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$85,000
Sold Price
$84,250
Premium/Discount to List
-$750
-0.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.02%
Original Mortgage
$66,800
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 28, 2019
Closed on
May 17, 2019
Sold by
Federal National Mortgage Association
Bought by
Memphis Investment Properties Ii Llc
Seller's Agent
Carol Tate
Tate Realty and Construction
Buyer's Agent
Kenneth Tate
Tate Realty and Construction
List Price
$45,000
Sold Price
$42,750
Premium/Discount to List
-$2,250
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 2019
Sold by
Bates Early Mae
Bought by
Reverse Mortgage Solutions Inc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Parkway Village, TN

  • Bang Nguyen Real Estate Agent - Re/Max Experts

    Bang Nguyen

    Re/Max Experts

    (901) 370-1653

    120 Total Sales

    9 in Parkway Village

    $88K - $200K Price Range

    Bang Nguyen
     Section Image
  • David Apperson Real Estate Agent - McWaters & Associates

    David Apperson

    McWaters & Associates

    (901) 479-1396

    60 Total Sales

    1 in Parkway Village

    $165,000 Price

    David Apperson
     Section Image
  • Beverly Hyter Real Estate Agent - KAIZEN Realty, LLC

    Beverly Hyter

    KAIZEN Realty, LLC

    (901) 422-8781

    80 Total Sales

    6 in Parkway Village

    $111K - $180K Price Range

    Beverly Hyter
     Section Image
  • Edwin Scruggs Real Estate Agent - BHHS Taliesyn Realty

    Edwin Scruggs

    BHHS Taliesyn Realty

    (901) 641-0982

    110 Total Sales

    2 in Parkway Village

    $270K - $500K Price Range

    Edwin Scruggs
     Section Image
  • Julianne Carney Real Estate Agent - Keller Williams

    Julianne Carney

    Responds Quickly

    Keller Williams

    (901) 881-4147

    121 Total Sales

    4 in Parkway Village

    $125K - $245K Price Range

    Julianne Carney
     Section Image
  • Blake Clothier Real Estate Agent - Premier Realty Group, LLC

    Blake Clothier

    Premier Realty Group, LLC

    (901) 479-1611

    37 Total Sales

    5 in Parkway Village

    $108K - $201K Price Range

    Blake Clothier
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
Macdonald Ryan Halston $84,250 Delta Title Services Llc
Memphis Investment Properties Ii Llc $42,750 Skw Title Company Llc
Reverse Mortgage Solutions Inc $52,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $66,800
Previous Owner Memphis Investment Properties Ii Llc $60,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/24/2019 07/24/19 Sold $84,250 -0.9% $84 / Sq Ft
06/07/2019 06/07/19 Pending -- -- --
06/07/2019 06/07/19 For Sale $85,000 +98.8% $85 / Sq Ft
05/24/2019 05/24/19 Sold $42,750 0.0% $43 / Sq Ft View Prior Sale
05/09/2019 05/09/19 Pending -- -- --
05/06/2019 05/06/19 Price Changed $42,750 -5.0% $43 / Sq Ft
02/28/2019 02/28/19 For Sale $45,000 -- $45 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $798 $29,650 $4,125 $25,525
2024 $659 $19,450 $2,875 $16,575
2023 $1,185 $19,450 $2,875 $16,575
2022 $1,185 $19,450 $2,875 $16,575
2021 $671 $19,450 $2,875 $16,575
2020 $938 $12,950 $2,875 $10,075
2019 $414 $12,950 $2,875 $10,075
2018 $414 $12,950 $2,875 $10,075
2017 $424 $12,950 $2,875 $10,075
2016 $548 $12,550 $0 $0
2014 $548 $12,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy Real Estate Agent - Reedy & Company, REALTORS

    Seller's Agent in 2019

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    16 in this area

    213 Total Sales

    Jim Reedy
    Section Image

  • CT

    Seller's Agent in 2019

    Carol Tate

    Tate Realty and Construction

    (901) 458-4663

    25 Total Sales

    Carol Tate
    Section Image

  • BR

    Buyer's Agent in 2019

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    16 in this area

    224 Total Sales

    Bradley Reedy
    Section Image

  • KT

    Buyer's Agent in 2019

    Kenneth Tate

    Tate Realty and Construction

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10054488

Memphis Area Association of REALTORS®

APN: 07-3059-0-0033

Tennessee Shelby County Memphis 38118 Parkway Village

2966 Cherry Rd, Memphis, TN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Memphis Area Association of REALTORS® Listing content and images Copyright 2026 Memphis Area Association of REALTORS®. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it.
Some or all of the listings displayed may not belong to the firm whose website is being visited.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393 - 17600 Laguna Canyon Rd, Irvine, CA 92618.

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